View more on these topics

Sales received for registration up in May

The number of sales received for registration rose to 85,667 in May, up from 74,683 in April, according to HM Land Registry.

However, looking at the figures on an annual basis, sales received for registration on freehold properties were down 1.8 per cent at 64,481, and new builds declined by 15 per cent year-on-year to 12,423.

In May, of all the sales received, 25,392 took place. The most expensive residential sale was in Kensington and Chelsea for just over £12m. Meanwhile, the cheapest residential sale was of terraced properties in Peterlee and Shildon, Durham, for £18,000.

The most expensive commercial sale took place in City of Westminster for £74m. In contrast, the cheapest commercial sale was in Newport, Isle of Wight for £200.

It must be noted that there is a time difference between the sale of a property and its registration at HM Land Registry, typically between two weeks and two months.


MAB eyes bigger market share with £16.5m acquisition

Mortgage Advice Bureau has bought 80 per cent of Scotland-based mortgage broker First Mortgage Direct for £16.5m in cash, valuing the entirety of the business at £20.6m. As part of the deal, MAB has an option agreement with First Mortgage Direct managing director Ian McGrail to acquire the remaining 20 per cent of the business […]

Pensions - thumbnail

Lifetime allowance

Jim Grant, Senior Product Insight & Technical Support Analyst Benefit crystallisation events and the lifetime allowance charge – all you need to know. The lifetime allowance (LTA) is the maximum amount that can be crystallised before a charge applies. It used to be £1.8m but it’s steadily decreased to £1m. There’s a whole list of […]


News and expert analysis straight to your inbox

Sign up